MindChamps posts 83% jump in Q2 profit

Singapore

MINDCHAMPS PreSchool posted an 83 per cent year-on-year jump in net profit attributable to shareholders to S$1.26 million for the second quarter ended June 30, underpinned by growing student numbers and global franchises.

Revenue rose 60 per cent to S$7.65 million thanks to the acquisition of seven preschool centres in Australia and Singapore, as well as higher franchise income mainly from the sale of a master franchise licence in China. Earnings per share for the quarter clocked 0.52 Singapore cent, up from 0.38 Singapore cent previously.